Toys R Us CEO Dave Brandon, who oversaw a turnaround at Domino's Pizza last decade, last year boiled down the company's woes to one fundamental problem: The experience needs to be more fun.

CEO David Brandon will leave crumbling Toys "R" Us Inc. on Monday.

Most employees and executives will join Brandon, a former Domino's Pizza Inc. CEO who led its turnaround, in exiting the Wayne, N.J.-based toy chain next week, a spokeswoman confirmed in an email to Crain's on Friday.

Brandon had been among those expected to leave with bonuses approved after the company's September bankruptcy filing, Business Insider reported.

But those bonuses didn't end up getting paid out as "they were tied to financial performance targets that ultimately were not achieved," spokeswoman Amy von Walter said in the email to Crain's.

"The majority of employees will be departing on May 14, 2018, including (Brandon) and members of the leadership team as they have fulfilled their professional and fiduciary responsibilities to the company," the email said.

The New York Post was the first to report that Brandon, executives and employees are to leave.

Toys "R" Us is still in process of going out of business and selling or closing all 800 of its U.S. stores. It has been unable to recover in recent years from unshakable competition and a crushing $5 billion in debt.

The company's U.S. liquidation started March 22. It affects around 33,000 employees, according to Business Insider.

But "several hundred employees will remain on to assist with the wind-down, which is standard practice for a liquidation process," von Walter said in the email.

The toy chain's U.S. division entered bankruptcy in September, planning to emerge with a leaner business model and more manageable debt. But sales sputtered during the crucial holiday season, and Bloomberg reported that the company began missing payments to some suppliers.

Brandon earned a total $11.25 million CEO compensation package in 2017, the Detroit Free Press reported in March. That pay package included Brandon's $2.8 million retention bonus, paid five days before the retailer's Sept. 19 bankruptcy filing, the Free Press said.

"The retention payments ... are standard practice in these types of scenarios, as they help ensure stability and continuity, particularly at the senior most leadership levels, during a critical time period for a company," von Walter said in the email to Crain's.

Toys "R" Us's owner, Boston-based leveraged-buyout specialist Bain Capital, hired Brandon in 2015 to help the chain make its long-expected initial public offering a reality. The IPO never occurred.

Before Toys "R" Us, Brandon spent five years as athletic director at University of Michigan. He resigned in 2014 after being a target of fan and media ire for what critics said was tone-deaf handling of several embarrassing incidents and his stewardship of the department.

UM had hired Brandon away from his 1999-2010 gig leading Ann Arbor-based Domino's Pizza, where he preceded Patrick Doyle as CEO. Brandon and Doyle worked with the rallying company's marketing and chef teams to create a new recipe and radically honest campaign that has been credited with turning around the pizza maker. He led Domino's to an IPO in 2004.